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Current Status Bill Number:View additional legislative information at the LPITS web site.1246 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20000314 Primary Sponsor:Rankin All Sponsors:Rankin Drafted Document Number:l:\s-res\lar\008ente.jh.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Enterprise zones, hospitality industry and production employee defined, eligible businesses; Tax, Political Subdivisions History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20000314 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-10-30 AND SECTION 12-10-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ENTERPRISE ZONES, SO AS TO ADD APPROPRIATE DEFINITIONS AND TO FURTHER PROVIDE QUALIFYING CRITERIA FOR ELIGIBLE BUSINESSES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-10-30 of the 1976 Code is amended to read:
"Section 12-10-30. As used in this chapter:
(1) `Council' means the Advisory Coordinating Council for Economic Development.
(2) `Department' means the South Carolina Department of Revenue.
(3) `Employee' means an employee of the qualifying business who works full time within the enterprise zone.
(4) `Hospitality industry' means those businesses and establishments which are required to remit admissions taxes pursuant to Chapter 21 of Title 12 and accommodations taxes pursuant to Chapter 36 of Title 12.
(4) (5) `Manufacturing' means engagement primarily in an activity or activities listed under the Standard Industrial Classification (SIC) Codes 20 through 39 as published in the Office of Management and Budget's Standard Industrial Classification Manual.
(5) (6) `New job' means a job created or reinstated as defined in Section 12-6-3360(M)(3).
(7) `Production employee' means an employee who is engaged in the actual making of tangible personal property, who is directly involved in the manufacturing, processing operation or distribution process, or who is employed in the hospitality industry. These employees must be full time and entitled to full benefits, including health care.
(6) (8) `Qualifying business' means an employer that meets the requirements of Section 12-10-50 and other applicable requirements of this chapter and, where required under Section 12-10-50, enters into a revitalization agreement with the council to undertake a project under the provisions of this chapter.
(7) (9) `Project' means an investment for one or more purposes in Section 12-10-80(B) needed for a qualifying business to locate, remain, or expand in an enterprise zone and otherwise fulfill the requirements of this chapter.
(8) (10) Reserved.
(9) (11) `Withholding' means employee withholding under Chapter 9 of this title."
SECTION 2. Section 12-10-50(1) of the 1976 Code is amended to read:
"(1) it must be primarily engaged in the hospitality industry or a business of the type identified in Section 12-6-3360;"
SECTION 3. This act takes effect upon approval by the Governor.
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